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RBI holds rates to assess policy impact, projects higher GDP

RBI holds rates to assess policy impact, projects higher GDP

by AIP Online Bureau | Oct 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Sanjay Malhotra, governor, Reserve Bank of India The central bank raised its GDP growth forecast for the current year to 6.8% compared with its previous estimate of 6.5% It expects inflation in the current financial year to come in at 2.6%, lower than its previous...
GST revamp to see rates of 5%, 18%; 40% tax on 7 items

GST revamp to see rates of 5%, 18%; 40% tax on 7 items

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

While essential food items, medicines and education will continue to be taxed at zero rate in the proposed revamped GST regime, 99 per cent of items in the current 12 per cent slab will move to the 5 per cent bracket. Services will continue to be charged at 18 per...
Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Risk Management

Fed Chair Jerome Powell “Uncertainty about the economic outlook has increased further,” the FOMC said at the end of a two-day meeting during which officials agreed unanimously to keep the central bank’s benchmark interest rate steady in the...

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

by AIP Online Bureau | Oct 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Marsh said the fall in the composite rate – the first since the third quarter of 2017 – was largely driven by increased competition among insurers in the global property market.On average, composite rates decreased in the Pacific by 6%, in the UK by 5%, in...

Russian strikes on Ukraine’s ports and ships push insurance rates up

by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Insurance sources said on Thursday the war premiums had jumped around 30% this week to just over 1% of the value of the vessel from around 0.7% in early September, which would mean hundreds of thousands of dollars in extra costs A series of Russian missile strikes on...
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